UPS offers buyouts to drivers as it shutters 73 sites, laying off 20,000 jobs
The Atlanta-based company had in April announced a network reconfiguration plan following a reduction in deliveries for its key customer, Amazon.com, and amid U.S. President Donald Trump's tariffs.
UPS restructuring: UPS cutting around 20,000 jobs amid 'new or increased tariffs'; 73 buildings closing
The buyout package is in addition to any retirement benefits such as pension and healthcare, the company said in a statement.
The Teamsters union, which represents about 330,000 workers at UPS, was first to announce the buyout plans, calling them an "illegal violation" of the national contract, under which UPS had committed to create 22,500 more jobs.
"Our members cannot be bought off and we will not allow them to be sold out," said Sean O'Brien, general president of the union.
"UPS needs to live up to the existing contract. They must honor their commitments."
UPS said it intends to adhere to the terms of its contract with the union.
Reporting by Abhinav Parmar in Bengaluru; Editing by Shreya Biswas
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